How many renters live in Watkins Glen, New York?
The City of Watkins Glen has 1,777 people living in 882 households.
There are 679 renters living in 464 renter households in this City. Renters make up 38.21 percent of the population living in Watkins Glen.
What is the rental market like in Watkins Glen, New York?
There are an estimated 1,073 housing units in the Watkins Glen area. Of these, 478 units are rental homes, making up 45 percent of the housing market. For every renter household in Watkins Glen, New York, there are 1 rental units.
What is the vacancy rate for rentals in Watkins Glen?
The rental vacancy rate in Watkins Glen is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Watkins Glen for each bedroom size?
Occupied Rental Units by Size in Watkins Glen
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 17 | 234 | 176 | 19 | 6 |
Occupied Rental Units by Size in Watkins Glen
A large number of apartments in Watkins Glen have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Watkins Glen are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 19 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Watkins Glen
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $637 to $1,314. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $637 |
| One BR | $740 |
| Two BR | $940 |
| Three BR | $1,271 |
| Four BR | $1,314 |
2024 Fair Market Rents in Watkins Glen, New York
How many units are rented at Fair Market Rent (FMR) in Watkins Glen?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 9 | 53 percent |
| One BR | 160 | 68 percent |
| Two BR | 80 | 45 percent |
Rental Units Below FMR in Watkins Glen, New York
How many affordable rental units are in Watkins Glen?
There are a variety of federal affordable housing programs serving households in Watkins Glen, New York including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 51 |
| Section 8 Project-Based Rental Assistance | 48 |
Tracked Units by Federal Program in Watkins Glen, New York
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Watkins Glen, New York
Watkins Glen features 48 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Watkins Glen, New York
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Watkins Glen.
Housing Choice Vouchers in Watkins Glen, New York
On average, Section 8 Housing Choice vouchers pay Watkins Glen landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Watkins Glen.
The maximum amount a voucher would pay on behalf of a low-income tenant in Watkins Glen, New York for a two-bedroom apartment is between $846 and $1,034.
Sourced from federal housing data and AffordableHousingOnline.com research.
